• Starting Salaries Climb 3.4 Percent

    Spotlight for Career Services Professionals
    Spotlight for Recruiting Professionals
    January 9, 2013
     

    The average starting salary for new college graduates earning bachelor’s degrees has risen 3.4 percent over last year, according to NACE’s January 2013 Salary Survey. 

    The survey found that the overall increase has carried the average starting salary for 2012 college graduates earning bachelor’s degrees to $44,482, outpacing the 2011 average salary of $43,014.

    The highest increases came in education (5.4 percent, to $40,668), business (4.2 percent, to $53,900), and communications (4.1 percent, to $43,717). (See Figure 1.)

    Engineering and health sciences majors—which received starting salaries that are, respectively, 3.8 percent and 3.9 percent more than last year—also saw sizable gains. The average starting salary for engineering graduates was $62,655 this year, while their classmates in health sciences earned $49,196.

    Similarly, graduates with computer sciences degrees saw a substantial increase to their average starting salary—a jump of 3.8 percent to $59,221.

    Meanwhile, graduates with degrees in math and sciences (2.7 percent, to $42,471) and humanities and social sciences (2 percent, to $36,988) saw smaller increases.

    An executive summary of the January 2013 Salary Survey report is available at www.naceweb.org/salary-survey-data/.

    NACE’s first report on starting salaries for Class of 2013 college graduates will be available in the April 2013 issue of Salary Survey. 

    Figure 1: Average Salaries by Discipline *

    Category 

    2012 Average Salary 

    2011 Average Salary 

    Percent Change 

    Business

    $53,900

    $51,708

    4.2%

    Communications

    $43,717

    $41,988

    4.1%

    Computer Science

    $59,221

    $57,046

    3.8%

    Education

    $40,668

    $38,581

    5.4%

    Engineering

    $62,655

    $60,344

    3.8%

    Health Sciences

    $49,196

    $47,336

    3.9%

    Humanities & Social Sciences

    $36,988

    $36,252

    2.0%

    Math & Sciences

    $42,471

    $41,370

    2.7%

    Overall 

    $44,482 

    $43,014 

    3.4% 

    *Source: January 2013 Salary Survey, National Association of Colleges and Employers 


Starting Salaries Climb 3.4 Percent